Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
1,314
Investor Opportunity in 19121! Motivated Seller! Welcome to 2328 Nicholas Street, a value add duplex offering immediate cash flow with even greater upside. This well maintained property features two spacious 2 bedroom, 1 bathroom units. The upper unit is occupied by a clean, reliable tenant currently paying $1,750 per month, providing strong rental income from day one and making this an ideal investment for landlords looking to expand their portfolio. The lower unit is also a beautifully renovated 2 bedroom, 1 bathroom apartment with nearly identical finishes, including bright modern lighting, updated cabinetry, new countertops, and newer appliances throughout. The unit is currently vacant due to a plumbing issue affecting the basement. The required repair involves replacing a sewer line in the street, with a necessary permit obtained. Licensed contractor estimates place the repair cost at approximately $7,000 or less, presenting an excellent opportunity for an investor to complete the work quickly and begin generating additional rental income. Once repaired, the property offers multiple exit strategies. Lease the first floor and enjoy a fully occupied income producing duplex, or occupy the vacant unit while collecting rental income from the upstairs tenant to help offset your mortgage. The current tenant has an excellent payment history, maintains the property well, and is exactly the type of long term occupant every landlord hopes to have. Located in the heart of 19121, this property is surrounded by continued development, strong rental demand, and convenient access to Temple University, Brewerytown, Fairmount, Center City, major highways, public transportation, restaurants, shopping, and neighborhood amenities. The area has become increasingly attractive to both investors and owner occupants seeking long term appreciation. This is also an outstanding opportunity for Section 8 investors, as voucher demand remains exceptionally strong in this zip code, making it easier to secure qualified tenants and maintain consistent occupancy. Whether you're an experienced investor looking to add another cash flowing asset to your portfolio or a buyer seeking a house hack opportunity with built in rental income, this duplex offers tremendous value and upside at an attractive price point. Recently appraised at $405,000, the next buyer is gaining INSTANT equity. Opportunities like this do not come around often. Schedule your showing today and see the potential for yourself!
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
1314.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Lot Size(square feet)
782
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Other
Price
-
Sales Price
$315,000
-
Tax Amount
$1,317
-
Financing Options
Cash, Private
-
Sq. Footage
1,314
-
Price/SqFt
$239
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
311
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Cree McGee , Prime Realty Partners
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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